26 Merthyr Road is situated within the prime retail pitch of Whitchurch Village – between Iceland and Coral. Whitchurch Village is an affluent, historic suburb of Cardiff – situated 1 mile north-west of the city centre. Merthyr Road is a busy suburban retail street where other occupiers include Co-op, Boots, Greggs, Principality Building Society, Coffee #1, Dominos, Lloyds Bank and Tesco – as well as a range of independent retailers and food / leisure outlets. This creates a vibrant mix that is popular with local residents.
The property, which benefits from a large car park at the rear, comprises an attractive 2 storey period building occupied by Peter Alan Estate Agents. With retail on the ground and offices above. There is a small single storey extension at the rear housing staff areas.
The entire property is let to Peter Alan Limited on a new 5 year lease from 25th December 2022 at a rent of £22,750 per annum. The lease is drawn on FRI terms.
The property is freehold and we have been instructed to seek Offers in the Region of £325,000 (Three Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.78%, based on purchaser’s costs of 3.26%.